Royal Mail’s parcels revenue has overtaken letters for the first time and now represents 60% of its entire turnover, according to the postal group. Turnover rose in the first half of its financial year to 27 September by almost 10% to £5.7bn. However, even the 31% increase in parcels volume did not prevent a 90% drop in its pre-tax profits to £17m. It said that during the period it had seen “a staggering reduction” in the amount of letters it […]
The acquisition of Framptons Transport Services by Gregory Distribution (Holdings) boosted the latter’s pre-tax profit by 25% in 2015.
Losses deepen at Currie Solutions in the face of Amazon cuts, “fierce” competition and driver shortages
Amazon’s drive to use “cheaper hauliers” combined with “fierce” competition, tight margins and the driver shortage have seen Currie Solutions’ pre-tax losses almost quadruple.
VW has extended its reach into the US truck manufacturing market after signing off on a $3.7bn deal for its heavy-truck unit Traton to acquire Navistar International.